Indian oil firms struggle with financial pressures due to budget cuts and lower fuel profits.

Oil Marketing Companies (OMCs) in India face near-term financial challenges due to lack of budget support for LPG, weak refining margins, and lower auto fuel profits. However, the government's decision not to increase excise duty and lower crude prices may offer some relief. OMCs currently earn higher Gross Marketing Margins on auto fuels, but they still face significant financial pressures.

2 months ago
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